Order on Board

27.01.2025

1. This is an application under Section 11(6) of the Arbitration and Conciliation Act, 1996 for appointment of an Arbitrator.

2. The facts, in brief, as projected by the applicant are that the applicant happens to be the joint owner and operator of M/s Ayesha Cold Storage along with the respondent Nos. 1, 2 and 3. The Cold Storage was jointly operated by all the partners and all the profit was shared by all of the parties proportionately. The said property is situated in village Chittod, District – Balod, Chhattisgarh. The parties mentioned above entered into a partnership agreement dated 18.07.2012 for the purpose of operating M/s Ayasha Cold Storage. The said firm was engaged in providing storage facilities to the Agro, Forestry, Horticulture, fertilizers, pesticides, agency- based industries and merchants. In the partnership deed, the parties had also mentioned the remuneration which was to be drawn by each of the partners. The partnership deed also mentioned in the terms of the agreement, any party desirous of retiring from the partnership shall have to give an advance notice of three months in writing to the other parties. Subsequently, when the applica